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Morningstar

T. Rowe Price Ultra Short-Term Bond I TRSTX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 5.04  /  +0.02 %
  • Total Assets 2.2 Bil
  • Adj. Expense Ratio
    0.190%
  • Expense Ratio 0.190%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 4.50%
  • Effective Duration 0.69 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis TRSTX

Will TRSTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TRSTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TRSTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TRSTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin T. Rowe Price Ultra Short-Term Bond I's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings TRSTX

More TRSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

1.34 29.3 Mil
Government

International Flavors & Fragrances Inc. 0%

1.18 25.9 Mil
Cash and Equivalents

United States Treasury Bills 0%

1.11 24.4 Mil
Government

Jabil Inc 0%

0.92 20.2 Mil
Cash and Equivalents

OVINTIV INC 0%

0.90 19.7 Mil
Cash and Equivalents

WPP Finance 2010 3.75%

0.88 19.3 Mil
Corporate

OCTANE RECEIVABLES TRUST 2023-3 6.44%

0.86 19.0 Mil
Securitized

Plains All American Pipeline L.P. 0%

0.86 18.8 Mil
Cash and Equivalents

Brighthouse Financial Global Funding 6.14011%

0.82 18.0 Mil
Cash and Equivalents

Edison International 3.55%

0.79 17.4 Mil
Corporate